MercadoLibre (MELI) AGM 2025 summary

Opening remarks and agenda

• CEO announced transition to Executive Chairman effective January 1, 2026, with Ariel Szarfsztejn named as incoming CEO.

• Meeting agenda included director elections, executive compensation advisory vote, and auditor ratification.

• Quorum confirmed and meeting formally convened with all required documents and participants present.

Financial performance review

• Net revenues and financial income grew by 38% over the last 12 months despite currency headwinds.

• 105 million unique active buyers and 64 million fintech monthly active users reported.

• Nearly 1.9 billion items sold in the last 12 months, with 95% handled by the managed network and 75% delivered within 48 hours.

• Fitch upgraded credit rating to investment grade in Q3 2024; over $1 billion in adjusted free cash flow generated.

Board and executive committee updates

• Ariel Szarfsztejn, with a strong track record in strategy, logistics, and marketplace leadership, will become CEO in 2026.

• Board nominees included Stelleo Tolda (Class 1) and Emiliano Calemzuk, Martín Lozan, and Marcos Galperin (Class 3).